« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  11th Plan approach paper moots tax on pvt hospitals in... Apex court reserves judgement on Japanese company’s plea... » `SEZ Act may allow agri land acquisition for real estate' September, 15th 2006 Will cause large-scale displacement of farmers: CPI(M) The Communist Party of India (Marxist) feels that the SEZ Act may allow acquisition of agricultural land for real estate development causing large-scale displacement of farmers in the name of industry and other social ramifications. The party politburo has discussed the issue in detail in its meeting held in Kolkata on Wednesday and has decided to seek a change in the Act to ensure use of a minimum of 50 per cent of the land for industrial purposes against the existing SEZ Act allowing the use of up to 75 per cent of land for non-industrial or real estate purposes. The CPI (M) will also consult other political parties on the issue. `Uncomfortable with some rules' "We are not comfortable with certain aspects of the Act and its rules and regulations," the CPI (M) General Secretary, Mr Prakash Karat, said here on Thursday. He was addressing an interactive session "Agenda for inclusive growth" organised by Federation of Indian Chambers of Commerce and Industry. "When the Bill was brought in the Parliament, we were only concerned about labour issues and did not pay much attention to the nitty-gritty of the rules and regulations," Mr Karat said admitting his party's failure in pointing out the alleged loopholes in time. Many SEZ approvals However, now that a large number of SEZ applications have received in-principle approval, the issue has attracted our attention, he said. Interestingly, the changes demanded are in line with the SEZ development policy followed by West Bengal. The State has approved two SEZs stipulating use of 50 per cent of land for industry, 25 per cent for creation of infrastructure and the rest for real estate development. Earlier, talking on regional divide, Mr Karat said that most of the SEZs were proposed in industrially developed States such as Gujarat, Maharashtra, Tamil Nadu and Karnataka.